BLCN vs. DAPP
Compare and contrast key facts about Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN) and VanEck Digital Transformation ETF (DAPP).
BLCN and DAPP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BLCN is a passively managed fund by SRN Advisors that tracks the performance of the Siren NASDAQ Blockchain Economy Index. It was launched on Jan 17, 2018. DAPP is a passively managed fund by VanEck that tracks the performance of the MVIS Global Digital Assets Equity Index. It was launched on Apr 9, 2021. Both BLCN and DAPP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BLCN or DAPP.
Key characteristics
| BLCN | DAPP | |
|---|---|---|
| YTD Return | 13.77% | 66.78% |
| 1Y Return | 40.83% | 199.74% |
| 3Y Return (Ann) | -17.97% | -17.93% |
| Sharpe Ratio | 1.14 | 2.60 |
| Sortino Ratio | 1.75 | 3.01 |
| Omega Ratio | 1.20 | 1.34 |
| Calmar Ratio | 0.71 | 2.47 |
| Martin Ratio | 5.21 | 9.93 |
| Ulcer Index | 8.33% | 20.33% |
| Daily Std Dev | 38.24% | 77.51% |
| Max Drawdown | -64.38% | -91.90% |
| Current Drawdown | -45.71% | -45.13% |
Correlation
The correlation between BLCN and DAPP is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BLCN vs. DAPP - Performance Comparison
In the year-to-date period, BLCN achieves a 13.77% return, which is significantly lower than DAPP's 66.78% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BLCN vs. DAPP - Expense Ratio Comparison
BLCN has a 0.68% expense ratio, which is higher than DAPP's 0.50% expense ratio.
Risk-Adjusted Performance
BLCN vs. DAPP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN) and VanEck Digital Transformation ETF (DAPP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BLCN vs. DAPP - Dividend Comparison
BLCN's dividend yield for the trailing twelve months is around 0.64%, while DAPP has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 0.64% | 0.54% | 1.28% | 0.56% | 0.58% | 1.45% | 1.15% |
DAPP VanEck Digital Transformation ETF | 0.00% | 0.00% | 0.00% | 10.13% | 0.00% | 0.00% | 0.00% |
Drawdowns
BLCN vs. DAPP - Drawdown Comparison
The maximum BLCN drawdown since its inception was -64.38%, smaller than the maximum DAPP drawdown of -91.90%. Use the drawdown chart below to compare losses from any high point for BLCN and DAPP. For additional features, visit the drawdowns tool.
Volatility
BLCN vs. DAPP - Volatility Comparison
The current volatility for Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN) is 14.25%, while VanEck Digital Transformation ETF (DAPP) has a volatility of 29.19%. This indicates that BLCN experiences smaller price fluctuations and is considered to be less risky than DAPP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.